Guide on How Much is the Required Monthly Income in Applying for BDO Auto Loan
BDO AUTO LOAN – Here is a guide on how much is the required monthly income in applying for the Car Loan offer of BDO Unibank.
There are a lot of benefits in having your own car. You can drive it at the ideal speed for you and your family’s safety, get to your destination at your target time, and enjoy the convenience of a well-ventilated vehicle. The good thing now is that several banks are making car acquisition more within the reach of people.
These banks are doing it through car loan offers. One of the banks in the Philippines that have the same offer is BDO Unibank. It is open for the purchase of both brand new and second-hand vehicles.
Under the BDO Auto Loan, there is only a short list of eligibility qualifications. It includes the age, employment status, and income of the applicant.
Based on the official website of BDO Unibank, the required monthly household income in applying for the BDO Auto Loan offer is Php 50,000.00. The applicant must be:
- at least 21 years old but not more than 70 years old
- a Filipino citizen or a foreigner residing in the Philippines for at least two(2) years now
- employed or self-employed
For locally employed applicants, he or she must be working at his or her current company for at least(2) years up to the present. For self-employed applicants, the business must have profitable years of operation for at least two(2) years.
According to BDO Unibank, the overseas Filipino workers (OFWs) may also apply for the said car loan offer provided that the applicant has worked for at least two(2) years in another country already. Do you want to apply for the said loan offer?
In applying, there are requirements that you must prepare. Here is a guide on the process and the documents that you must gather – BDO Car Loan: How To Apply For Auto Loan To Banco de Oro.
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